Keg Royalties Income Fund (TSE:KEG.UN) Hits New 12-Month High – What’s Next?

Keg Royalties Income Fund (TSE:KEG.UN) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.55 and last traded at C$15.54, with a volume of 18790 shares traded. The stock had previously closed at C$15.35.

Keg Royalties Income Fund Price Performance

The firm has a 50 day moving average price of C$14.91 and a 200 day moving average price of C$14.49. The company has a quick ratio of 2.11, a current ratio of 0.04 and a debt-to-equity ratio of 12.62. The stock has a market cap of C$177.29 million, a P/E ratio of 12.91 and a beta of 1.37.

Keg Royalties Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 31st will be paid a dividend of $0.0946 per share. This represents a $1.14 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Monday, October 21st. Keg Royalties Income Fund’s dividend payout ratio (DPR) is presently 94.21%.

Keg Royalties Income Fund Company Profile

The Keg Royalties Income Fund operates as an unincorporated open-ended limited purpose trust. The company invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars.